Exemption to newsprint rejects [Heading No. 48.01] - 261/88 - Central Excise - Tariff

Exemption to newsprint rejects [Heading No. 48.01]

Notification No. 261/88-C.E.

Dated 5-10-1988

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts newsprint rejects arising in the process of manufacture of newsprint falling under heading No. 48.01 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from the whole of the duty of excise leviable thereon which is specified in the said Schedule.

Provided that it is proved to the satisfaction of an officer not below the rank of Assistant Collector of Central Excise, that the rejects are genuine and do not exceed a quantity of 5% of the total production of newsprint of the factory in a financial year.